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like rwanda and others that are critical to bring stability. there's a huge diplomatic element to this as well. it is critically important that the u.s. and u.n. engaged by high-level envoy to that region to make a critical difference in bringing the partners together. i know that secretary carson has been working on the issue and others have as well. this is something that does matter to us. there is incredible opportunity , economic opportunity for trade, partnerships with u.s. businesses, but we have to give them stability in order to take advantage of those opportunities. i thank the chairman for having this hearing and learning what more can do to help the situation in the eastern drc. >> thank you, i yield back. >> we will have two panels today. the first panel, we have assistant secretary of defense for international security affairs. the honorable john carson, assistant secretary of state for the bureau of african affairs. >> thank you, members of the committee. thank you for the opportunity to discuss the urgent crisis and the did not -- in the democratic republic of c
and post conflict nations such as rwanda and boss kneea. the i.n.s. -- bosnia. the institute allows students to receive an education at laroche college to study leadership and diplomacy in return for their agreement to return to their host country, home country, after graduation to help engage in the peace process and rebuild their nations. the institute successfully reflects the college's vision and mission to foster global citizenship. and that program over the years has created a bond with some of these countries, it is unlike any other institution of higher learning, in america. it has had students go through the program that have gone back to their home countries, that have very successfully become leaders in those countries and we are better off as a nation and as a global community because of their work and because of that program which initiated and continues at laroche college. it was also during my time on the board of trustees in 2004 that laroche college board of trustees appointed sister decasio as the college's seventh president. she began her career in education at la
statistics, things like political improvements and freedoms, this is really essential. countries like rwanda have been ranked no. 1. if you look around the markets, you will see the authority. 90% of the world's population. they're going to see improvements in those lives. there will be issues, but the story is very strong and that is why we are seeing the story being very positive. >> tell us about the frontier markets because you cite the story of capital labor productivity. it will explode very dramatically? >> i think there is a clear delineation between the advanced emerging economies and the frontier economies, but our related or integrated it is to the developed market, how much exposure do they have? in terms of trade and foreign direct investment, it is heavily dependent on the united states and europe. africa has 1 billion people and is less than 2% of world trade or direct investment. the real engine of growth is not going to be trade, unfortunately. if you look at valuations of the bank's and trading in the local market, the story is credible and hits to the story rather than be
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